The following report is from the Trends Journal:
Russia’s $186-billion sovereign wealth fund will reduce its dollar holdings from $40 billion to zero this month, finance minister Anton Siluanov announced last week at the International Economic Forum in St. Petersburg.
The fund also will cut its stash of British pounds from 10% of the fund’s portfolio to%, and 40% of the fund will now be held in euros with 30% in the Chinese yuan.
For the first time, the fund will now buy gold, Siluanov said, putting 20% of its assets into the metal.
Russia’s central bank also will reduce its dollar holdings, he added, but he did not specify by how much.
The de-dollarization process is… taking place not only in our country, but also in many countries around the world, which have begun to experience concerns about the reliability of the main reserve currency.
Kremlin spokesman Dmitry Peskov said in 27 May comments quoted by the Financial Times.
The change will “lower political risks” to the fund and is unlikely to move markets, Peskov added.
The comments followed April remarks by deputy foreign minister Alexander Pankin that recent U.S. economic and foreign policy decisions “call into question the reliability and convenience of using the American currency as the priority currency of deals.”
Countries are now “forced to take measures against the risk of economic losses and disrupted transactions,” Pankin said.
Therefore, there is increasing interest in developing alternative mechanisms. Using other currencies in trade is becoming more and more important.
Alexander Pankin
The recent comments were mild compared to the June 2020 statement by Sergey Naryshkin, chief of Russia’s foreign intelligence service.
It seems bewildering that the U.S. continues to be the holder of the main reserve currency while behaving so aggressively and unpredictably,” he said of the Trump administration’s behavior in office.
The monopoly position of the dollar in international economic relations has become anachronistic. Gradually, the dollar is becoming toxic.
Sergey Naryshkin
Russia’s move is seen as retaliation against U.S. sanctions imposed on the country for its interference in U.S. elections and for permitting criminal cyberattacks on U.S. corporations and critical infrastructure, the Wall Street Journal said.
This decision is related to threats of sanctions that we have received from the American leadership.
Andrei Belousov, first deputy prime minister, confirmed in comments at the conference quoted by the WSJ.
The sanctions also forbid U.S. financial institutions to buy ruble-denominated government bonds at auction.
TREND FORECAST: As we have been reporting, Russia and China are strengthening ties on both the military and economic fronts. Thus, Russia’s pulling away from the dollar is part of a greater trend.
It signals another step toward replacing the buck as the world’s reserve currency.
We have noted that the business of America over the past century has been War. History is repeating itself. In the ten years following World War I, the British pound sterling was dethroned as the global reserve currency because of the financial damage the war inflicted on the nation.
The same is true for the United States, which just passed another record-breaking defense budget. Thus, we maintain our forecast that when China overtakes the U.S. as the world’s #1 economy in the next several years, it will begin the trend of overtaking the dollar as the world’s reserve currency.
TRENDPOST: Russia’s new attempt to undermine the dollar continues its campaign to weaken the U.S. geopolitically by ousting the dollar from its central place in the global economy.
Tensions between the U.S. and Russia have worsened now that President Biden is holding Russia accountable for the attacks on U.S. election integrity and cyber-assaults on American corporations and infrastructure.
Russia has now weaponized the dollar, opening another front in an escalating cold war between the two nations.
AUTHOR COMMENTARY
As I have explained in other reports, Russia will be a major end times player, per Ezekiel 38-39. The major ruling and controlling powers will be those of the EAST, not the West. Numerous prophecy preacher ministries routinely talk about how America is described in Bible prophecy: it is not, therefore, do not listen to those types of people.
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This report demonstrates how many other nations can see the clear writing on the wall that America is rapidly sinking ship, so they are looking to abandon them at sea.
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I personally believe the dollar will be around for a few more years-ish, but it is cratering at a ridiculous pace.
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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I do not know when the Lord Jesus Christ will come for us, I hope it is real soon. But if he tarries, you better know how to raise small animals, grow a garden, etc… Plus provide your own healthcare, and more.
Mitch – Man trying to make the world a better place, is liken to a physician treating symptoms. He is ignoring the root cause, sin. Like the patient, he shall wax worse and worse.
It’s getting pretty predictable. According to plan….but the deceiving & being deceived have a 1 Thessalonians 5 surprise coming! Vatican & craft created the global dollar with its Babylonian symbology as the Bible foretold, waxing worse & worse, Laodicea having need for nothing etc …and the Gog-Magog alliances, war & excuses for the final Rome-Israel-world alliance under the ‘hero’ Antichrist pope are coming to fruition. ——————————————————————————————————————————————————————————————————————————– This may be their excuse, a Russian-Chinese-Persian-Turkish alliance with their own fuel source, pipeline, & monetary system….cronying with the openly anti-American individual liberty faction here & in Rome, their long slow march through our institutions, including churches, & the dumbing down & demoralization, attack on God’s order & boundaries for marriage, gender etc. ———————————————————————————————————————————————————- Those who do not openly counter, but find a legalistic & hypocritical support for them as cover & methods through which to control, are really the most subtle & effective threat in seducing Christians & drawing folks away from entering in at the strait gate, or from remaining on the narrow way, walking in the Spirit rather than the flesh. The so-called ‘conservatives’ and ‘Christian Right’/unity etc. The Judeo-Christian philosophers & traditionalists…who I believe still retain power & wield it from behind the scenes, will utilize the American machine they have infiltrated, gutted & transformed to antichrist Vatican-Israeli ends of conflict, crisis, depopulation, self-enrichment….with ‘inspiring’ charismatic puppets like Trump playing the ‘underdog’ /’white hat’ for deceiving & retaining the services of, bleeding out yet further the property & resources of, the ‘suckers’, ‘dupes’ & ‘useful idiots’. America appearing to resist, as Great Britain with Brexit etc….but truly just deceiving the masses & transferring what remains of real wealth in property & health, manpower, with Rome’s diabolically clever dialectic Jesuits calling the shots. The Christian & biblically inspired & influenced Bill of Rights is already abridged by the international entanglements & corporatism accelerating elitist initiated & sorted activist judicial & academic ‘redefinition’ and revisionism, their crafted ‘conscious evolution’. And those part of the unofficial & open conspiracy are already in place with their allegiance in the globalist ideal which Rome is more & more obviously heading, though playing & manipulating both ‘sides’ against one another as usual: creating crisis, exploiting them, then ‘solving’ them with the predetermined solution/salvation. Jezebel’s ‘solution’ for Ahab over obtaining his heart’s illegitimate desire for Naboth’s vineyard a microcosm & ensample of what’s happening now. ————————————————————————————————————————————————————————————————- Explaining more why Ethiopia & Libya will take part with them, while Egypt & Saudi/Dedan remain aloof, but powerless & passive. In such a scenario we could see how the anti-semites might again ally with & use Israel to their ends, considering also the Maxwell-Epstein-Babylonian covert controls, wickedness, & psych tactics, but then betray her as the ‘gods’ war amongst themselves for supremacy: Babylon the Great herself ultimately destroyed by her Beast growing tired of her constant interference & demands for a share of the power & glory. Ezekiel 38-39, Psalm 83, Revelation 4-19. ————————————————————————————————————————————————————————————————————————————————- I think the supernatural end to that war may be presumptuously misunderstood to the Antichrist’s promotion to power & reception as the false Christ, too. Not sure how this ‘alien disclosure’ thing is going to play into all of it, but you can bet the fact that it’s being permitted means it’s a planned disclosure, & going to be represented in a way flattering to the covert powers & masses, though deceptively presented to the ‘lessers’ & those ‘not deserving of the truth’ as they say, & according to plan. ———————————————————————————————————————————————————————————————————————————————————————————-Been giving thought to old CFR Rick Warren stepping down. Wondering what promised position he’s opening himself & clearing his agenda for. Would he make a good false prophet? Some think it will be one supposedly outside of Rome, some that it will be the ‘black’ pope. Biblically it seems either is possible, & we will be watching that from the other side. It seems that Warren assumed the position that Billy Graham had with the players of power & deceiving the people as ‘America’s pastor’, & supposedly a counter to Rome as a Protestant, even a ‘baptist’, or ‘Bible-believing Fundamentalist’, ‘new’ Evangelical. Purposely ‘evolving’ it a little further along like the cultic sorcerer’s apprentice, false shepherd & Balaamite hireling he is. So thankful the Lord opened my eyes & shook us out of that thing. The delusion & deception are great, & things advance rapidly. ————————————————————————————————————————————————————————————————————————————————————– Watched a few minutes of Jeffrey Prather’s Point & the rah-rah deceived of Monkey Werx and their ‘Team America’ coaching & organizing. There are many citizens providing information from the border, resisting the vaccine & covid story….but the subtle & vainglorious universalist ‘Christian’ spirituality spread thickly over it all, & inserted in the reporting, is just too vexing & seductive to the flesh to endure. I am reminded of the vain Jewish nationalism & nature of spiritual leadership of the intertestamental period, at the rejection of Christ & crucifixion, Titus’ destruction of Jerusalem, & enduring even to the bar Kokhba revolt. And Romans 11, Revelation 3. So much unnecessary suffering & willful blindness when biblical humility, true wisdom & obedience could have prevented so much of it.
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